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This Newark Real Estate Market Report January 2018 is based on statistics from Bright MLS.
Over the last 5 years, the Newark Delaware area (including Glasgow) has seen home prices that average $217,290 gradually increase to $239,292 by the end of 2017.
Each neighborhood has its own features and styles and average home sales price. The Newark area includes single-family residences, condos, and townhouses.
To buy or sell in the Newark Delaware Real Estate Market, Contact Sean Casey at Patterson-Schwartz Real Estate.
Year | Average Sales Price |
|---|---|
2013 | $217,290 |
2014 | $224,368 |
2015 | $231,687 |
2016 | $234,689 |
2017 | $239,724 |
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National Real Estate Market
According to the National Association of REALTORS®, Nationally December Sales were down 3.6% from November but up 1.1% from last year. The Median Sales price was up 5.8% to $246,800. Active Listings were down 10.3%. Average Days on Market was 40 Days. 34% of sales were to first-time buyers. The 30-Year fixed mortgage rate was 4.8% nationally.
Newark Real Estate Market-19702
Newark Delaware 19702 had a 32.7% increase in listings in January 2018, up to 65 from just 49 in the same period last year. Single-family Detached inventory was down 29.2% to 46 homes. The highest priced home sold in 19702 was
Closed Sales were down 12.5% to 35 closings. Pending Sales were up 4.5%.
The median sales price was up 21% to $241,900. The average Days on Market for January 2018 were 47 days down from 69 last year, a decrease of 31.9%.
Home Sellers were getting an average of 97.9% sales to list price ratio.
Recently Sold in 19702
19702 Sales by Neighborhood-January 2018
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
Belden | 1 | $435,00 | 8 |
Brookfield | 1 | $189,000 | 7 |
Chapman Woods | 1 | $177,000 | 30 |
Charlan | 1 | $273,000 | 6 |
Christiana Green | 1 | $209,000 | 12 |
Cobblestones | 1 | $137,000 | 38 |
Country Creek | 2 | $143,500 | 9 |
Forest Knoll | 1 | $259,500 | 61 |
Four Seasons | 1 | $129,900 | 5 |
Frenchtown Woods | 1 | $265,000 | 16 |
Heather Woods | 1 | $241,900 | 60 |
Marabou Meadows | 1 | $270,000 | 20 |
Newtowne Village | 1 | $165,000 | 172 |
Norwegian Woods | 1 | $465,500 | 9 |
Old Mill Village | 1 | $180,000 | 62 |
Reserve at Ironside | 1 | $380,000 | 31 |
River Walk | 1 | $204,000 | 45 |
Rosetree Hunt | 1 | $262,000 | 64 |
Salem Woods | 4 | $250,475 | 14 |
Shelly Farms | 1 | $259,900 | 5 |
Steeple Glenn | 1 | $265,000 | 59 |
Stones Throw | 2 | $110,000 | 81 |
Timber Farms | 1 | $492,257 | 1 |
Village of Fox Meadow | 1 | $310,900 | 99 |
Waters Edge | 2 | $96,500 | 161 |
Westhover | 1 | $169,900 | 9 |
Woodland Trail | 1 | $140,000 | 65 |
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Newark Housing Market 19711
The 19711 Newark Delaware Housing market saw a decline in new listings of 36.6% to 26 listings.
Closed Sales were down 6.3% to 30 homes sold and Pending Sales were down 21.9% to 25 under contract.
The median sales price was up 1.3% to $236,450. Average Days on Market were down to 43 a decrease of 44.2%
Single-family inventory was down 32.5% to only 54 homes for sale. The highest priced home sold was in Fox Lane and sold for $433,000.
Recently Sold Homes in 19711
19711 Homes Sold by Subdivision
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $422,500 | 7 | |
1 | $165,000 | 7 | |
Cherry Hill | 1 | $210,000 | 100 |
Christine Manor | 1 | $265,000 | 53 |
Clearview Ridge | 1 | $240,000 | 55 |
1 | $265,000 | 161 | |
1 | $380,000 | 28 | |
Creekside | 1 | $110,000 | 30 |
Drummond Ridge | 1 | $235,000 | 25 |
1 | $241,000 | 9 | |
Fox Lane | 1 | $433,000 | 25 |
1 | $295,000 | 21 | |
Harmony Hills | 3 | $149,416 | 75 |
Lamatan II | 1 | $385,000 | 244 |
Meadowood | 3 | $225,966 | 32 |
Meeting House Hill | 1 | $295,000 | 3 |
2 | $280,000 | 91 | |
1 | $280,000 | 7 | |
Red Mill Farms | 3 | $161,633 | 19 |
Sheffield Manor | 1 | $219,000 | 5 |
1 | $217,000 | 38 |
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Newark Home Market 19713
Newark 19713 home listings were up 15.4% to 30 in January. Closed Sales were down to 23 homes sold, a decrease of 4.2%. Pending Sales were up 15.8% to 22.
The median home price in 19713 zip code was $206,000, an increase of 10.4%. Average Days on Market were flat at 54.
Sellers are getting 96% of their list price. Single-family home inventory was down 7.3% to 51.
The highest priced home in 19713 was in Academy Hill and sold for $435,000.
Recently Sold Homes in 19713
19713 Homes Sold by Community
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $435,000 | 36 | |
Breezewood | 1 | $227,900 | 63 |
Breezewood II | 1 | $138,500 | 93 |
3 | $234,966 | 16 | |
1 | $133,000 | 102 | |
Cannons Gate | 1 | $205,000 | 57 |
Cherokee Woods | 1 | $260,000 | 39 |
Chestnut Hill Estates | 1 | $140,000 | 100 |
Elmwood | 1 | $257,500 | 48 |
Hillside Heights | 1 | $195,000 | 81 |
Pilgrim Gardens | 1 | $133,000 | 17 |
Scottfield | 2 | $220,000 | 113 |
Sherwood Forest | 1 | $235,000 | 48 |
1 | $215,000 | 55 | |
Tanglewood | 1 | $218,000 | 6 |
Todd Estates | 2 | $187,500 | 37 |
Todd Estates II | 1 | $107,000 | 8 |
White Chapel Village | 1 | $135,000 | 6 |
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